Friday, June 5, 2026
ConocoPhillips hikes dividend nearly 40% amid weak oil prices - oil and gas 360

ConocoPhillips hikes dividend nearly 40% amid weak oil prices

Source: Houston Chronicle ConocoPhillips announced a nearly 40 percent increase in dividend payouts to investors to help instill confidence in the company on Wall Street amid subdued oil prices and a slowing energy sector. The Houston oil and gas producer said it will increase its quarterly dividends payments 38 percent, to 42 cents per share from 30.5 cents a share.